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Home My WebLink About1496 To place and coroinua,siy keep on the bu~!d~ng~ now w hereaftN ~I~wro on said land and on alt cq~~pment ~nd pc.son~Uy cavaed by ~his rnor~~ +p~, w~th ~II prtmi~ms 1he:ew+ pa~d i~ lu», fi~e inturanct in ths usu~l sundard potlcy fwm, ie~ • sum approv~d by tht MOR~GAGEE, and windstam in?vranc~ G~ fM us~al s~~nd•rd po~~cy fo.m, ln • ium approvad by tM MORIGAGEE, i~+ such cornpany w compan~e~ as tM MORTGAGEE may dirM; and all ths a~d w~ndsto~m inw~ance policies on +ny of said build~npt, ~ny iNereit tAerein or pa.1 thcreof, in tM a~rey~N wm ~Ip~said or In ~xcea~ ~he~eof, ihall con~~in tM usua! s~andud nwrtyayss clau~ o~ such o~ha cl~us~ ai ths Mo.ty~ges may requu~. ma?inp the lou unde~ s+~d polF ci~s. e~ch and every, paYabN to uid MORTGAGEE as its inte~es~ may appea~, ~nd each and eve~y such policy shall be p+omp~~y +ss pned +r+d de~~vared ~o ~ny held by ucd MORIGAGEE as fur~her iecurity to said mwtpa9e dcb~, and, not ku ~Mn ten (10) days ~n advance o( ~he expirat~a? of e~ch pol~cy, ~o dr IivM to iaid MORTGAGEE a renewal ther~oi, topeihK wi~h • reteipl for the pranivm of such renewat; ~nd ~hera shall be no f~re a w~nds~orm insvanc~ plac~d on any of said buitdinpt, any i~te~e~t tMrein « pa~t thereof, unku i~ ~F~ fo~m ~nd wi~h th~ loss payabls as aiaesaid; ~nd in fi+e event any ium of money becwnes payabte under such potity or policies ssid MORTGAGEE ~hall Mva ths opt~o~ to receive and apply ~he same on accoun~ o( Ihe indebted- oeu secured hereby w ro permit said MORTGAGORS to receive and ust i? or any part thereof Iw othcr pwposes, v.~~ho~t ih~.fbi wa~~~n~ o~ unpair- inq any equity, lien w righl vnde~ or by vi~tus of fhis mor!gage; u+d in ths event ~aid MORTGAGORS shall tor any reason isil to keep the said premiszs so insured, a fail fo deliva~ promptly ~ny of said policies of insu~ance to wid MORTGAGEE, u fail promptly to pay fully any pre~mum the~efw or in a~y r~spact fail ro perfwm, d~xharge, eaecute, effed, comple~e, comply with a+d abide by thit covenant, or any pa~t hercof, said MORiGAGEE may place and pay for wch insurance or +ny part thereof wi~hout waiving w affectinp ai+y option, lieo, equlty, or right under w b~ virtue ot this Mortgage, a~d the full amouof of each and erery such payment shall be i~diately dus +nd payabb ~nd shaft bcar interest (rom the date thereof until paid at the rate o~ nine per centum per annum and to~ether with such i~tereat shall be secured by the lien o1 this rtartysge. 1. To permit, tommit o? su(fer no waste, impairrtxnt a dcteriwation of said property w ~ny part thereoi. 5. To pay all and singular the costs, charges and expenses, including a reasonable atto~ney's fee and costs of aburacta of title, incurred w paid at eny time by u~d MORTGAGfE, because a in the event of the failure on the part of ~he said MORTGAGOR to duly, promprly snd fully pe~form, d~scha~ge. execute, effM, comp~ete, comply with and ~b:de by each and every the stipulatwns, agreeme~ts, conditions, and covenants of said p~omissory note and thia mortgage any w ei~Fier. and sa~d costs, charges and expenses. each and every, shall be immediately due a~d payable: whether w not there be noticc d~ mu~d, attcmpt ro collect w suit pend~ng; and the full amouM of each and every such paymem shall bear interest from ~he date thereof u~til paid ~1 the rate of nine per centu~n per an~~um; and all said costs, charges and expenses incurred or paid, loyether w~th such interest, shall be setured by the lien oi th;s mortgage. 6. That (s) in the event of any kxesch of this Mortgage or defau~t on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not prompNy and Fully paid within thirry (30) days next after ~he same severaily become due and payable, withoW demand a notice, or (t) in the event each and every the stipulations, agreements, tonditions and tovenants of sa;d promissory note and th~s matgage any or either are not ~uly, promptly and fully pertormed, d~uharged, executed, effected, completed, complied with and abided by, then in either w any such event tF?e said ag gregate sum me~tioned in said promisswy note then remaining unpaid, with in?erest accrued, and all moneys secured hereby, shall betwne due and pay~ able forthwith, or thereafter, at the opt~on of said MORTCsAGEE, as fully and completely as if all of the said sums of money were wig~nally sriputated to be pa~d on such day, a~ything in sa:d promtsso?y note or in this Mortgage to. the contrary notwithstand~ng; and thereupon w thereafte+ at the op~~on ot said MORTGAGEE, without notice or demand, suit at law or in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby had maWred pnw to ~ts institution. 7. That in the event that at the beginning o( w a1 any time pending any suit upon this 1Nortgage, w to foretlose it, or to refwm it, or to enforce payment of any claims hereunder, ssid MURTGAGEE shatl apply to the Court having jurisd~ction t~creof for tAe appotmment of a Receive~, such Cou~t shail forthwith appoint a receiver of said rrwrtgaged property atl and singutar, includ~ng alt and singular the income, prof~ts, issues and reven~es from whatever wurce derived, each and,every of which, it being expressly understood, is hereby mwtgaged as if spec~fically xt forth and desvibed in the granti~g and habendum clauses hereof, and suth Rcceiver shatl Mave atl the broad and effective funct~ons and powers in anywise e~trusted by s Court to a Receiver,*~nd such appointment shall be made by such Court as sn admitted equity and a malter ol absolute right to said MORTGAGEE, and without reference to the adequacy w inadequacy of the value of the property mwtgaged or to the solvency o? insolvency of uid MORiGAGOR or the deiendants, and that suth rents, profits, income, issues and revenuei shall be applied by such Receiver accwding to the lien or equity of said MORTGAGEE aad the practice of suth Court. 8. To duty, promptty and fully per[orm, discharge, execuee, effect, mmplete, comply with and abide by each and every the stipulatio~s, sgreements, conditioro and covenants in sa~d promissory note and this mongage set forth. 9. That in the event -the ownership of the mortgaged premises, a any paA thereof, becomea vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, w~thovt notice to the MORTGAOR, deal with such succeua w svccessor i~ interest wi~h reference to this mo~tgage and the debt hereby secured in the same manner as w~th Mortgagor w~thout in any way vifiafing w d~xha~g~ng the Mortgagori liability Fxrr under w upon the debt hereby secu~ed. No sale of the premises hereby mortgaged and no forbearance on the part of the N10RiGAGEE w its succetsors or assigns and no extensio~ of the time ior the payment of the debt hereby secured given by the MORTGAGEE or its successors or auig~s, ahall operate to release, d~scharge, modify change w at(ect the original liab;lity of the MORiGAGOR herein, either in whole a in paTt. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11_ (n add~tion to the fwego:ru~ monrhly payments of princ"pal and interest required by the prom~ssory nore secured h¢reby, mortgagor covenanfs and agrees to pay to mo:tgagee vvith each momhly payrnen? an add~rional sum est~mated by mortgagee to be equal to 1 J12 of the annual cost of the fotlow- '^9: • - A-All real property taxes le~ied or assessed againsf the above desuibed real estate. ' 8-Premiums on iire and windstorm insurar,te as herein requ;red to be carried o~ the improvements situate on the above destribed premises. C-Premiums on such mortgage gvaranty insurance as mo~tgagee shall frcm t~me to time deem fit to carry on the loan secured hereby. Mortgagre sfiall !rom time to rlme notify mortgagcr in writing of the amount due and payable hereunder and suth ~um shall thereupon be due and ~ payable on the due oate of the rtext monthty payment and each -successive month thereafier urtil m agee shalt notify mortgagor of a change in such i amount_ Such sums shall be applied by mortgagee toward tF.e payment of reat property taxes, i~sura e prem:ums, and mortgage g~aranty insurance f premiums. ~ IN ~41TNE55 Y~HERfOF, the sa~d MORTGAGOR has hereunto set his F~and and aeal the day a~d a first id. Signed, Seated and del' red in the presence of: % ~ ~ o uto ~,n . a~ l ~ Teip~~ tNo,To (Seap STATE OF FL IDA i COUNTYOF St. LL~C1@ ~ Before me perso~ally appeared Mar io A. ~ J Ut0 TQ rQ 5 S ~ J Ut0 ~ ha wife, to me well known and known to me to be rhe individuals desuibed in and who executed the fwegoing inslrurrKOt, and acknowledged befwe me that they executed the same fw the purposes tharein expresxd_ And the said TQ't@58 Mejuto wife of the said ~r 10 l~l LltO , upon a xpsrate and privase examination by me taken separate and apart from her ' hu~sband, e~cknowledged to and before me that she executed said instrument freely and volurr rarily and w~thout any computsan, constrainl, appr r said husband. WITNESS my hand and offic~al seal thi day of March A D. 19 73 ~ Notary Public in and for State Qf• Florida•af Larye ~ My Commission expires: . ~ Return To: ~ ~ ~ ~ ' - ' ~ ' i ~ first Federal Savings b Loan Association ~ ~ ~ ~ Of fort P,erce. 2~QU~ _ ~ ~ +wC Fort P~erce. Florida : ' u ~I- - - t - ~ J - _ ~ 7-77 : s . ~ ~ . _ , This Instrument Prepared By D. F. Holerg r }~ECORDE - ` First Federal Savin s 8 Loan Association ~ LEO AN. ~ 9 S~.WCI ~GOUNRAS`~ . ~ ~ of Fort Pierce , Rlorida IIOCE;~C~~T COURT ~ c~EaK c,. - . p R zl~ 14~ Checked By RECORO VEF.f.E~ ~ ~ 9 22 ~ ~~3 600K PACE . sb y - - - - - - - _ _ _ : _ -y;,~r 3 y s:=::t